--- title: Arkphire Financial Results description: Consulting and managed-services firm Arkphire has today reported an operating profit of €4.6m for the 12 months to June 30. Arkphire secured an investment from Bregal Milestone, a private capital firm, which manages a new €400m pan-European fund dedicated to investing in high-growth European companies. Sales for the 12 month period amounted to €90.1m, up 22% on the previous year. image: https://blog.arkphire.com/hubfs/Jimmy_Dalton_CFO.jpg --- [![Arkphire Logo](https://blog.arkphire.com/hubfs/Arkphire%20-Feb2018/Images/Logo.png) ![Arkphire Sticky Logo](https://blog.arkphire.com/hubfs/Arkphire%20-Feb2018/Images/logo_stick.png) ](https://www.arkphire.com/) # Arkphire Financial Results [![Jimmy_Dalton_CFO](https://blog.arkphire.com/hs-fs/hubfs/Jimmy_Dalton_CFO.jpg?width=3101&name=Jimmy_Dalton_CFO.jpg "Jimmy_Dalton_CFO")](https://blog.arkphire.com/news/arkphiredeloittefast50awardwinner?hs_preview=zHHCjuBz-6452450011) # Arkphire Financial Results January 14, 2019 Irish owned IT services and networking company, Arkphire, has reported an operating profit of €4.6 million on sales amounting to €90.1 million for the 12 month period ended 30 June 2018. These results represent another strong performance for the business with profits growing from €2,723,265 to €4,602,144 in 2018 and **turnover up 22% compared to the previous year.**   Commenting on the performance for the year, Jimmy Dalton, CFO at Arkphire said: “We are very pleased with the Company’s improved performance over the past year having expanded our customer base and increasing turnover across each of our principal activities covering [IT procurement](https://www.arkphire.com/what-we-do/end-user-services/it-procurement/), [network services](https://www.arkphire.com/bootstrap/networking-services/), [data centre ](https://www.arkphire.com/what-we-do/data-centre-services/cloud/)and [managed services](https://www.arkphire.com/what-we-do/professional-services/managed-services/).  **Over the past four years, Arkphire has grown turnover from €20m to €90m**.  This growth trajectory is set to continue as we seek to ambitiously scale the business based on the business plan we have in place for the next five years.”   [Arkphire’s customers](https://www.arkphire.com/our-story/customers/) cover large multinationals, leading Irish organisations and public sector agencies within a wide range of industries including telecommunications, finance, pharmaceuticals, healthcare and energy.     Arkphire’s expansion has come at a time when increasing numbers of companies see the value in **digital transformation** and outsourcing a range of IT services from IT procurement through to managed services and networking. Late last year, Arkphire** secured an investment into its business from Bregal Milestone**, a private capital firm, managing a new €400m pan-European fund dedicated to investing in high-growth European companies. Following this investment announcement, [**Arkphire acquired CloudStrong**](https://blog.arkphire.com/news/arkphireacquirescloudstrong), a specialist cloud solution provider that is based in Castlebar, Co. Mayo. Arkphire has stated its ambition to build out a cloud technology team from its new hub in the West of Ireland.   In 2018, Arkphire was again listed in the** top 20 fastest growing tech businesses in Ireland,** at the Deloitte Technology Fast 50 Awards and was also ranked in the **FT1000 list of Europe’s Fastest Growing Companies for 2018**.   Arkphire currently employs over 90 people and is headquartered in Sandyford, Dublin with an international office in London. For more than 40 years, Arkphire has been working as a trusted partner on behalf of its customers, providing technology expertise, products and support services that deliver successful outcomes for their customers.  Today the business has an unrivalled network of partnership accreditations with all of the leading manufacturers covering **Apple, Cisco, Dell EMC, Lenovo, VMware and Veritas** among others.      [![ Contact Us ](https://no-cache.hubspot.com/cta/default/1954099/d8247a63-8a96-48c9-b12c-3f9db6786bd5.png)](https://cta-redirect.hubspot.com/cta/redirect/1954099/d8247a63-8a96-48c9-b12c-3f9db6786bd5)   #### Share This Story [Facebook](http://www.facebook.com/sharer/sharer.php?u=https://blog.arkphire.com/news/arkphirefinancialresults) [Twitter](https://twitter.com/home?status=Arkphire%20Financial%20Results+https://blog.arkphire.com/news/arkphirefinancialresults) [Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.arkphire.com/news/arkphirefinancialresults) ### Related posts [![Arkphire acquires CloudStrong](https://blog.arkphire.com/hubfs/ArkphireCloudStrongDeal06.jpg)](https://blog.arkphire.com/news/arkphireacquirescloudstrong) [Arkphire acquires CloudStrong](https://blog.arkphire.com/news/arkphireacquirescloudstrong) 14th November 14th, 2018 | [ 0 Comments](https://blog.arkphire.com/news/arkphireacquirescloudstrong#comments-listing) [![Deloitte Fast 50 Award Winner](https://blog.arkphire.com/hubfs/Deloitte_Fast_50_2018.jpg)](https://blog.arkphire.com/news/arkphiredeloittefast50awardwinner) [Deloitte Fast 50 Award Winner](https://blog.arkphire.com/news/arkphiredeloittefast50awardwinner) 5th November 5th, 2018 | [ 0 Comments](https://blog.arkphire.com/news/arkphiredeloittefast50awardwinner#comments-listing) [![Enabling Mobile Transformation](https://blog.arkphire.com/hubfs/Brid%20Graham%20ArkphireSON1154_0014.jpg)](https://blog.arkphire.com/news/mobiletransformation) [Enabling Mobile Transformation](https://blog.arkphire.com/news/mobiletransformation) 1st November 1st, 2018 | [ 0 Comments](https://blog.arkphire.com/news/mobiletransformation#comments-listing) [![Staying ahead of the game with IT services](https://blog.arkphire.com/hubfs/John%20Murphy%20Head%20of%20Managed%20Services%20at%20Arkphire%20IW0A5378-John%20(003)LS.jpg)](https://blog.arkphire.com/news/itservices) [Staying ahead of the game with IT services](https://blog.arkphire.com/news/itservices) 1st November 1st, 2018 | [ 0 Comments](https://blog.arkphire.com/news/itservices#comments-listing) [![Blazing a Digital Trail](https://blog.arkphire.com/hubfs/Arkphire%20-Feb2018/Images/Paschal_Naylor_CEO_Arkphire_12_10_2018.jpg)](https://blog.arkphire.com/news/blazingadigitaltrail) [Blazing a Digital Trail](https://blog.arkphire.com/news/blazingadigitaltrail) 30th October 30th, 2018 | [ 0 Comments](https://blog.arkphire.com/news/blazingadigitaltrail#comments-listing) ### Recent Posts [VIEW ALL POSTS ](https://blog.arkphire.com/news) ** ## Ready To Talk? 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